- Thomas Vanhee discussed recent updates to UAE VAT Executive Regulations on Dubai Eye 103.8
- VAT exemption for fund management services introduced, impacting UAE fund managers positively
- Investment fund management services now exempt from VAT, including essential services for licensed funds
- Cryptocurrency traders eligible for VAT exemptions under new regulations, with complex classification of cryptocurrencies
- UAE VAT definition for virtual assets broad, covering tradable digital representations of value
- International tax trends discussed, including IMF advocating for global minimum tax
- Emphasis on greater tax policy alignment among GCC countries and Gulf region for regulatory consistency and economic cooperation
- Thomas highlighted the need for better harmonization of tax policies among GCC countries and across the Gulf region.
Source: mailchi.mp
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
